Keefe, Bruyette & Woods Lowers Green Dot (NYSE:GDOT) Price Target to $10.00

Green Dot (NYSE:GDOT) had its price target dropped by stock analysts at Keefe, Bruyette & Woods from $12.00 to $10.00 in a report released on Friday,Benzinga reports. The firm currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 30.31% from the stock’s previous close.

Green Dot Trading Down 6.1 %

NYSE:GDOT opened at $7.67 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05. Green Dot has a 1-year low of $6.97 and a 1-year high of $13.58. The firm has a market capitalization of $412.76 million, a price-to-earnings ratio of -7.31 and a beta of 0.90. The business’s 50-day moving average price is $9.28 and its two-hundred day moving average price is $10.51.

Insider Buying and Selling

In other Green Dot news, insider Topline Capital Management, Ll sold 380,611 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $10.44, for a total value of $3,973,578.84. Following the completion of the sale, the insider now directly owns 5,708,126 shares in the company, valued at $59,592,835.44. This represents a 6.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Topline Capital Partners, Lp sold 331,339 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $10.54, for a total value of $3,492,313.06. Following the sale, the insider now directly owns 5,376,787 shares in the company, valued at approximately $56,671,334.98. This represents a 5.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 959,180 shares of company stock valued at $10,071,696 in the last 90 days. 1.10% of the stock is owned by insiders.

Institutional Trading of Green Dot

A number of large investors have recently bought and sold shares of GDOT. Geode Capital Management LLC boosted its holdings in shares of Green Dot by 9.0% in the third quarter. Geode Capital Management LLC now owns 1,222,996 shares of the financial services provider’s stock valued at $14,324,000 after buying an additional 101,008 shares during the period. JPMorgan Chase & Co. boosted its stake in Green Dot by 31.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 331,802 shares of the financial services provider’s stock worth $3,885,000 after purchasing an additional 78,547 shares during the period. Barclays PLC boosted its stake in Green Dot by 342.0% in the 3rd quarter. Barclays PLC now owns 88,504 shares of the financial services provider’s stock worth $1,036,000 after purchasing an additional 68,481 shares during the period. FMR LLC increased its holdings in Green Dot by 62.8% during the 3rd quarter. FMR LLC now owns 43,835 shares of the financial services provider’s stock worth $513,000 after purchasing an additional 16,917 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Green Dot by 11.8% in the 3rd quarter. Principal Financial Group Inc. now owns 253,130 shares of the financial services provider’s stock valued at $2,964,000 after purchasing an additional 26,676 shares during the period. 92.56% of the stock is owned by institutional investors.

Green Dot Company Profile

Green Dot Corporation, a financial technology and registered bank holding company, provides various financial services to consumers and businesses in the United States. It operates through three segments: Consumer Services, Business to Business Services, and Money Movement Services. The company provides deposit account programs, including consumer and small business checking account products, network-branded reloadable prepaid debit cards and gift cards, and secured credit programs.